In January, €-coin fell again (to -0.56, from -0.22 in December).
The decline was mainly due to the weakness in demand indicators and to worsening consumer confidence.
The €-coin indicator developed by the Bank of Italy provides a summary index of the current economic situation in the euro area. The indicator is an estimate of quarterly GDP growth shorn of the most erratic components (seasonal variations, measurement errors and short-run volatility). €-coin is published monthly by the Bank of Italy and CEPR.
The next publication dates for €-coin are Friday, 1 March 2024 and Friday, 29 March 2024 (to be confirmed).